The U.S. added 199,000 jobs in November - NFP

2024-01-02
Summary:

November job creation remains robust, with nonfarm payrolls up by 199k, surpassing the 190k estimate and outperforming October's gain of 150k.

NFP (Changes in non-farm payroll)


5/1/2024 (Fri) 


Previous (Nov)：199k | Forecast: 163k


Job creation showed little signs of a letup in November. Nonfarm payroll rose by 199k for the month, slightly better than the 190k estimate and ahead of the Oct gain of 150k.


The unemployment rate declined to 3.7% while average hourly earnings increased 4% from a year ago. Data revisions were to the negative side in 2023 if at all, so the figure could have been overvalued too.


The report comes at a critical time for markets to assess the US economy.  Most economists expect a sharp economic slowdown in the fourth quarter and tepid gains in 2024.

NFP

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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EBC Financial Group is a co-brand shared by a group of entities including:
EBC Financial Group (SVG) LLC is authorized by the St.Vincent and the Grenadines Financial Services Authority(SVGFSA),and the company registration number is 353 LLC 2020. with registered address at Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines.
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Disclaimer: EBC Financial Group explicitly does not participate in any cryptocurrency activities or offer Crypto Contracts for Difference (CFDs). Our financial services solely pertain to traditional instruments. Clients are advised that any references to crypto-related services using the EBC name are inaccurate and unauthorized. Any reference to past performance is not indicative of future performance. The information contained in this website is provided for reference only and does not constitute any investment advice.
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